Q&A: What Are Banks Obligated to do in Colorado in a Wire Fraud Case?
What are banks obligated to do in a wire fraud case?
The obligations of the banks, if they see suspicious activity, really do vary based on the facts and circumstances which they observe. Obviously, something that may peak someone’s interest as to whether of not there’s a problem is a very different fact circumstance than clear convincing evidence that someone is stealing money out of an account. So it really is a factual analysis and the bank’s obligations differ, depending on the facts.
Call us today at 303-688-0944 to begin your free case assessment.
More Q&As on this Topic:
- What is wire fraud?
- Who is responsible if I am scammed in a wire transaction?
- Why has there been an acceleration of wire fraud?
- How can a bank be held responsible in a wire fraud case?
- What are the risks of wire transfers?
- What are banks obligated to do in Colorado in a wire fraud case?
- Do banks have a responsibility to try to interevene in potential wire fraud?
- What are banks’ obligations in wire fraud cases?